Technavio has published a new market research report on the global heat interface units market from 2018-2022. (Graphic: Business Wire)

The report segments the global heat interface units market by product
(indirect HIU and direct HIU), and by geography (the Americas, EMEA, and
APAC). It provides a detailed illustration of the major factors
influencing the market, including drivers, opportunities, trends, and
industry-specific challenges.

Here are some key findings of the global heat interface units market,
according to Technavio heavy
industry researchers:

Reduced investment and maintenance costs: a major market driver

Growing demand for smart homes and development of smart cities:
emerging market trend

Reduced investment and maintenance cost is one of the major factors
driving the global heat
interface units market. Installing gas boilers in individual
dwellings in a multi-dwelling apartment complex includes various costs.
Moreover, during installation, the gas lines are required to be
calibrated for the right BTU levels. To prevent any compromise with the
integrity of the pipe and the possibility of explosions, it is important
to ensure that all the procedures are carried out properly, which
requires trained professionals that add to the costs.

Installing a central boiler planteliminates the need for
connecting individual dwellings to gas lines, resulting in significant
cost savings. HIUs only require a centralized boiler and hot water
risers. Therefore, there is no need for a piping network running through
the buildings; this results in reduced costs and brings down the future
costs for repair and maintenance.

According to a senior analyst at Technavio for tools
and componentsresearch, “The installation of HIUs is
relatively easier than individual boilers and gas pipelines which
mitigates the need for trained and qualified installers which in turn,
leads to significant cost savings. Also, the absence of flue pipes also
eliminates the need for ventilation routes. Therefore, the substantial
reduction in costs associated with the adoption of HIUs is expected to
drive the market during the forecast period.”

Technavio’s sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.

Growing demand for smart homes and development of smart cities:
emerging market trend

The smart home concept has been gaining popularity with consumers
seeking to improve their lifestyles by enhancing convenience through
electronic devices. Development of smart homes is an evolutionary
concept in the residential and real-estate sectors, with the primary aim
to make life more convenient, comfortable, sustainable, and secure.

Home appliances are also making use of artificial intelligence to
predict the consumer preferences based on the historical data
accurately. The increase in the number of working couples with dual
incomes in cities across the world is the key driver for smart home
adoption. The smart home market is prevalent in the Americas and Europe,
with developing economies in APAC, such as India, China, and Singapore,
also adopting the concept. The global smart home market is expected to
exceed USD 152 billion by 2021, which augurs well for the growth of the
HIU market.

Global market opportunities

In terms of regional dominance, EMEA led the global heat
interface units market, followed by the Americas and APAC in
2017. The extreme climatic conditions in Europe make it a huge market
for heating and cooling systems. This is also a key reason for the huge
potential for HIUs in the region.

The Americas is expected to witness the greatest increase in its market
share during the forecast period, as compared to the other two regions,
while APAC is expected to witness a significant dip of over 1% in its
market share by 2022.

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